Homework Answers
1. Investment in bonds dr. 2,100,000
Cash cr. 2,100,000
2. cash interest each year=
2,100,000*0.04*(6/12)*2= $84,000
3. Interest revenue= $84,000
Add Answer to:
7) Describe and illustrate how debt and equity securities are reported Phil's Burgers, owns vast amounts...
Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $400,000 of...
Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $400,000 of CoteCorp bonds at face value on January 2, 2018. The CoteCorp bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December 31, 2027. Astro Mile intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Astro Mile receive each year from...
Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $500,000 of...
Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $500,000 of RoastCo bonds at face value on January 2, 2018. The RoastCo bonds pay interest at the annual rate of 4% on June 30 and December 31 and mature on December 31, 2022. Astro Mile intends to hold the investment until maturity. Read the requirements Requirement 1. How would the bond investment be classified on Astro Mile's December 31, 2018, balance sheet? Requirements The RoastCo...
League Up & Co. owns vast amounts of corporate bonds. Suppose League Up buys $900,000 of...
League Up & Co. owns vast amounts of corporate bonds. Suppose League Up buys $900,000 of RoastCo bonds at face value on January 2, 2018. The RoastCo bonds pay interest at the annual rate of 7% on June 30 and December 31 and mature on December 31, 2027. League Up intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will League Up receive each year from...
Please help me finish! Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro...
Please help me finish!
Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $500,000 of BitterCo bonds at face value on January 2, 2018. The BitterCo bonds pay interest at the annual rate of 7% on June 30 and December 31 and mature on December 31, 2022. Astro Mile intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Astro Mile...
Brookhaven & Co. owns vast amounts of corporate bonds. Suppose Brookhaven buys $1,000,000 of RoastCo bonds...
Brookhaven & Co. owns vast amounts of corporate bonds. Suppose Brookhaven buys $1,000,000 of RoastCo bonds at face value on January 2, 2018. The RoastCo bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December 31, 2032. Brookhaven intends to hold the investment until maturity. Read the requirements. Requirement 1. How would the bond investment be classified on Brookhaven's December 31, 2018, balance sheet? The RoastCo bond investment will be classified...
NauticalNautical & Co. owns vast amounts of corporate bonds. Suppose NauticalNautical buys $ 600 comma 000$600,000...
NauticalNautical & Co. owns vast amounts of corporate bonds. Suppose NauticalNautical buys $ 600 comma 000$600,000 of BitterCoBitterCo bonds at face value on January 2, 20182018. The BitterCoBitterCo bonds pay interest at the annual rate of 77% on June 30 and December 31 and mature on December 31, 20322032. NauticalNautical intends to hold the investment until maturity. Requirements 1. Journalize any required 20182018 entries for the bond investment. 2. How much cash interest will NauticalNautical receive each year from BitterCoBitterCo?...
Outer Mile & Co. owns vast amounts of corporate bonds. Suppose Outer Mile buys $800,000 of...
Outer Mile & Co. owns vast amounts of corporate bonds. Suppose Outer Mile buys $800,000 of Truffle Co bonds at face value on January 2, 2018. The Truffleco bonds pay interest at the annual rate of 8% on June 30 and December 31 and mature on December 31, 2022. Outer Mile intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment 2. How much cash interest will Outer Mile receive each year...
Epoch Star & Co. owns vast amounts of corporate bonds. Suppose Epoch Star buys $1,400,000 of...
Epoch Star & Co. owns vast amounts of corporate bonds. Suppose Epoch Star buys $1,400,000 of FormaCo bonds at face value on January 2, 2018. The FormaCo bonds pay interest at the annual rate of 4% on June 30 and December 31 and mature on December 31, 2022. Epoch Star intends to hold the investment until maturity Read the requirements The FermaCo bond investment will be classified as a long-term asset as of December 31, 2018 Requirement 2a. Journalize on...
Butler purchased a bond on January 1, 2018, for $150,000. The bond has a face value...
Butler purchased a bond on January 1, 2018, for $150,000. The bond has a face value of $150,000 and matures in 10 years. The bond pays interest on June 30 and December 31 at a 2% annual rate. Butler plans on holding the investment until maturity. Read the requirements. Requirement 1. Journalize the 2018 transactions related to Butler's bond investment. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by journalizing Butler's investment on...
Please answer all parts Butler purchased a bond on January 1, 2018, for $150,000. The bond...
Please answer all parts
Butler purchased a bond on January 1, 2018, for $150,000. The bond has a face value of $150,000 and matures in 10 years. The bond pays interest on June 30 and December 31 at a 2% annual rate. Butler plans on holding the investment until maturity. Read the requirements. Requirement 1. Journalize the 2018 transactions related to Butler's bond investment. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by...
Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $400,000 of CoteCorp bonds at face value on January 2, 2018. The CoteCorp bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December 31, 2027. Astro Mile intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Astro Mile receive each year from...
Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $500,000 of RoastCo bonds at face value on January 2, 2018. The RoastCo bonds pay interest at the annual rate of 4% on June 30 and December 31 and mature on December 31, 2022. Astro Mile intends to hold the investment until maturity. Read the requirements Requirement 1. How would the bond investment be classified on Astro Mile's December 31, 2018, balance sheet? Requirements The RoastCo...
League Up & Co. owns vast amounts of corporate bonds. Suppose League Up buys $900,000 of RoastCo bonds at face value on January 2, 2018. The RoastCo bonds pay interest at the annual rate of 7% on June 30 and December 31 and mature on December 31, 2027. League Up intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will League Up receive each year from...
Please help me finish!
Astro Mile & Co. owns vast amounts of corporate bonds. Suppose Astro Mile buys $500,000 of BitterCo bonds at face value on January 2, 2018. The BitterCo bonds pay interest at the annual rate of 7% on June 30 and December 31 and mature on December 31, 2022. Astro Mile intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Astro Mile...
Brookhaven & Co. owns vast amounts of corporate bonds. Suppose Brookhaven buys $1,000,000 of RoastCo bonds at face value on January 2, 2018. The RoastCo bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December 31, 2032. Brookhaven intends to hold the investment until maturity. Read the requirements. Requirement 1. How would the bond investment be classified on Brookhaven's December 31, 2018, balance sheet? The RoastCo bond investment will be classified...
Outer Mile & Co. owns vast amounts of corporate bonds. Suppose Outer Mile buys $800,000 of Truffle Co bonds at face value on January 2, 2018. The Truffleco bonds pay interest at the annual rate of 8% on June 30 and December 31 and mature on December 31, 2022. Outer Mile intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment 2. How much cash interest will Outer Mile receive each year...
Epoch Star & Co. owns vast amounts of corporate bonds. Suppose Epoch Star buys $1,400,000 of FormaCo bonds at face value on January 2, 2018. The FormaCo bonds pay interest at the annual rate of 4% on June 30 and December 31 and mature on December 31, 2022. Epoch Star intends to hold the investment until maturity Read the requirements The FermaCo bond investment will be classified as a long-term asset as of December 31, 2018 Requirement 2a. Journalize on...
Butler purchased a bond on January 1, 2018, for $150,000. The bond has a face value of $150,000 and matures in 10 years. The bond pays interest on June 30 and December 31 at a 2% annual rate. Butler plans on holding the investment until maturity. Read the requirements. Requirement 1. Journalize the 2018 transactions related to Butler's bond investment. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by journalizing Butler's investment on...
Please answer all parts
Butler purchased a bond on January 1, 2018, for $150,000. The bond has a face value of $150,000 and matures in 10 years. The bond pays interest on June 30 and December 31 at a 2% annual rate. Butler plans on holding the investment until maturity. Read the requirements. Requirement 1. Journalize the 2018 transactions related to Butler's bond investment. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Begin by...
Most questions answered within 3 hours.
-
Now that this course has taken you on a journey of introduction
to the world of...
asked 10 minutes ago -
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 23 minutes ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 2 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 2 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 4 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 3 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 2 hours ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 3 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 4 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 4 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 4 hours ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 5 hours ago